Quote:
Originally Posted by iheartthed
The Bay Area number is driven by a couple of mega investments. One of them is the Stripe Series I round from March, where they raised over $6 billion. If you look at the EY dashboard, the Bay Area's performance in Q1 23 was 3x what it was the previous quarter. The massive increase was driven by two large investments, which is mentioned in the EY write up.
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Oh absolutely, the Bay Area always outperforms when it comes to the largest investments.
Top 10 global financings in Q1'23
1. Stripe — $6.5B, San Francisco, US — Fintech — Series I
2. Generate — $880.6M, San Francisco, US — Cleantech — Late-stage VC
3. Zeekr — $750M, Ningbo, China — Mobility tech — Series A
4. Zwift — $620M, Long Beach, US — Specialty retail — Late-stage VC
5. Abound — $602M, London, UK — Fintech — Early-stage VC
6. Xpansiv — $525M, San Francisco, US — Fintech — Late-stage VC
7. PhonePe — $445.6M, Bengaluru, India — Mobile/fintech — Late-stage VC
8. SolarSpace — $442M, Xuzhou, China — Cleantech — Series B
9. Netskope — $401M, Santa Clara, US — Cybersecurity — Late-stage VC
10. EcoCeres — $400M, Hong Kong — Cleantech — Series B
The only other North American funding in the top 10 was by a company in SoCal.
page 18 of this pdf:
https://assets.kpmg.com/content/dam/...-23-report.pdf